Investor Relations 3Q 2016

History

1

“Leading Authentic Sports Brand Inspired by

the Style, Elegance and Passion of our Italian Heritage”

Founded by FILA

brothers in Biella, Italy

1911

1973

1991

2005

2007

2010

2011

First sports apparel

market (Tennis)

Established FILA Korea

FILA Korea MBO

FILA Korea purchased FILA

trademark and global assets

(USD 400M LBO)

FILA Korea IPO (081660:KS)

FILA Korea & Mirae Asset Global

Investments Consortium acquired

Acushnet Company (USD 1.2B LBO)

2

100% 100%

100%

100%

15%

100%

GLBH Holdings (Acquisition Vehicle)

FILA Luxembourg (Trademark Owner)

FILA Korea (Controlling Shareholder)

Acushnet Holdings

Corp.

Full Prospect (JV with ANTA)

FILA Sport HK (In-house Sourcing)

FILA USA (USA, Canada, Mexico)

Licensee (Global Royalty)

Group Structure

Magnus Holdings

*59.1% (Pre-diluted base)

* On diluted base, Magnus Holdings owns 33.1% of Acushnet Holdings Corp. as of September 30, 2016(common stocks)

51% GLBH Korea

FILA USA

FILA Licensee

FILA China

FILA Korea

FILA Group Business Overview

North America (U.S.A., Canada, Mexico)

Footwear based wholesale distributor

Despite the competitive market condition, FILA USA continued to grow

both the revenue and operating profit on a dollar basis since its turnaround in 2010

Apparel and footwear based retail distributor

Total number of stores: 645 (as of September 30, 2016)

Multi-brand: FILA, FILA GOLF, FILA KIDS, FILA UNDERWEAR

FILA brand renewal began in early 2016 by overhauling its product,

distribution and marketing with a new management team

Joint venture with ANTA Sports from 2009.

Offering premium sports & lifestyle products in China, Hong Kong, and Macau

Contributes 3% of its revenue as Design Service Fee to FILA

Fast growth in revenue since its launching year (CAGR 43%: 2009-2015)

Total 33 licensees in EMEA, North America, Latin America and Asia

Stable contribution by each regional licensees

Direct

Indirect

3

Recently launched brand

renewal in Korea

Product line-up overhaul to

focus on performance products Expanding into upper

channels of distribution

in the US: Foot Locker, Bloo

mingdale’s, Macy’s, Nordstro

m and Neiman Marcus

Successful product

collaborations including

Urban Outfitters, Baja East,

Gosha Rubchinskiy, Marion

Bartoli (LOVE FILA by

Marion Bartoli) and Nas

(Nas x Ghostbusters

footwear collection) Successfully established FILA® as

leading high-end lifestyle casual

brand in China

Collaborations with Anna Sui, Jason

Wu and Ginny Hilfiger

Led by Anta, a leading sports apparel

company in China, FILA® has been

expanding into major markets across

China, Hong Kong and Macau Total of 33 licensees

4

FILA – A Leading Authentic Global Sports Brand

5

Global License Structure (33 licensees)

Global License Business

License period is 5 years (10 years for master licensees)

Based on the wholesale revenue from each licensee

Avg. 6-7% of FILA’s wholesale revenue

Each licensee has minimum guaranteed royalty (MGR) based

on the forecasted revenue

Semi-annual Global Collaboration Meetings (GCM) held to set broad, global

strategic guidelines among all licensees

FILA Luxembourg

(Trademark owner)

EMEA South

America Asia

Global

Product

9 regional

licensees

5 regional

licensees

1 master

licensee

9 global

product

licensee

North

America

1 master

licensees

8 regional

licensees

General License Conditions

13.5% 11.8%

6.8%

13% 14% 10%

38% 44% 50%

49% 42% 40%

3Q YTD 2014 3Q YTD 2015 3Q YTD 2016

FILA Korea FILA USA Royalty & Others OPM

10% 16%

11%

44%

45% 48%

46% 39% 41%

11.0% 9.8%

3.5%

3Q 2014 3Q 2015 3Q 2016

FILA Korea FILA USA Royalty & Others OPM

3Q Revenue Breakdown / OPM (Consol.)

(KRW M)

Consolidated Financial Summary

6

3Q YTD Revenue Breakdown / OPM (Consol.)

(KRW M)

189,347 196,383 175,537 584,030 612,253 552,967

285,259

256,133

223,911

4.6%

1.1%

3Q YTD 2014 3Q YTD 2015 3Q YTD 2016

Revenue OPM

FILA Korea

7

From 2012 Korean economic turmoil created rough environment for many consumer businesses and FILA Korea has started brand restructuring to

overcome economic recession in early 2016

3Q Revenue Breakdown / OPM

3Q YTD Revenue Breakdown / OPM

(KRW M) (KRW M)

deficit(-7.8%)

87,587

76,485 72,401

1.9%

3Q 2014 3Q 2015 3Q 2016

Revenue OPM

deficit(-2.2%) deficit(-13.2%)

F I L A U S A FILA USA Consolidated (Canada and Mexico)

8

Despite the competitive market conditions in the US, FILA USA is continuously penetrating into the upper distribution channel to build broader brand presence

3Q Revenue Breakdown / OPM

3Q YTD Revenue Breakdown / OPM

(USD K) (USD K)

5.9% 5.4% 6.0%

70,855

75,984

75,237

3Q 2014 3Q 2015 3Q 2016

Revenue OPM

7.8% 7.1% 6.7%

212,792

242,251

237,100

3Q YTD 2014 3Q YTD 2015 3Q YTD 2016

Revenue OPM

24% 23% 26%

26% 27%

23%

8% 8%

2%

39%

38%

43%

3%

4%

6%

3Q YTD 2014 3Q YTD 2015 3Q YTD 2016

ASIA N. America S. America EMEA Others

9

Global Royalty

Stable revenue and profit contribution from 33 licensee partners that operate the FILA branded products globally

3Q Royalty Breakdown 3Q YTD Royalty Breakdown

(USD K) (USD K)

29,119

26,770

24,365

23% 22% 22%

26% 30% 25%

9% 6%

5%

39%

39% 43%

2%

3% 4%

3Q 2014 3Q 2015 3Q 2016

ASIA N. America S. America EMEA Others

9,898

9,220 9,219

10

Appendix

3Q 2016 FY 2015 FY 2014

Assets 873,574 978,932 1,043,405

Current Assets 380,292 413,786 371,767

Cash and cash equivalents 54,927 46,938 60,093

Trade and other receivables 107,833 131,500 108,196

Inventories 207,358 222,208 185,846

Other current assets 10,174 13,140 17,632

Non-current Assets 493,282 565,146 671,638

Property and equipment 57,948 44,531 39,523

Intangible assets 373,377 396,637 381,498

Other non-current assets 61,956 123,978 250,617

Liabilities 504,293 499,830 475,018

Current Liabilities 255,979 271,629 197,260

Trade and other payables 94,826 105,402 92,292

Borrowings 144,554 146,037 86,486

Other current liabilities 16,599 20,190 18,482

Non-current Liabilities 248,314 228,200 277,758

Borrowings 125,980 92,572 206,747

Bonds 70,749 75,363 -

Other non-current liabilities 51,585 60,265 71,011

Total Equity 369,281 479,102 568,387

Consolidated Balance Sheet (K-IFRS) (KRW M)

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Appendix

Consolidated Profit & Loss Summary

FILA Korea Profit & Loss Summary

(KRW M)

(KRW M)

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 3Q 2016 YTD 2016

Revenue 89,110 108,562 87,587 112,231 397,490 79,164 100,484 76,485 90,672 346,805 65,458 86,052 72,401 223,911

Gross Profit 50,919 64,918 47,317 57,516 220,669 45,078 58,391 42,080 47,142 192,692 31,459 50,553 34,660 116,672

G.P.(%) 57.10% 59.80% 54.00% 51.20% 55.50% 56.90% 58.10% 55.00% 52.00% 55.60% 48.06% 58.75% 47.87% 52.11%

Operating Profit 2,899 8,605 1,696 (1,345) 11,853 (550) 4,937 (1,670) (6,738) (4,020) (8,057) 229 (9,584) (17,412)

O.P.(%) 3.30% 7.90% 1.90% N/A 3.00% N/A 4.90% N/A N/A N/A N/A 0.27% N/A N/A

Net Income 2,590 2,954 2,505 1,556 9,603 (577) 3,759 213 (3,826) (430) (7,523) 3,547 (18,679) (22,655)

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 3Q 2016 YTD 2016

Revenue 199,264 195,419 189,347 213,446 797,476 215,172 200,698 196,383 203,497 815,750 168,202 209,229 175,537 552,968

Gross Profit 95,693 100,454 85,714 95,135 376,996 96,541 97,871 86,219 88,247 368,878 71,985 99,263 74,830 246,078

G.P.(%) 48.00% 51.40% 45.30% 44.60% 47.30% 44.90% 48.80% 43.90% 43.40% 45.20% 42.80% 47.44% 42.63% 44.50%

Operating Profit 29,603 28,564 20,864 14,518 93,549 27,657 25,200 19,158 8,546 80,562 6,305 24,807 6,226 37,338

O.P.(%) 14.90% 14.60% 11.00% 6.80% 11.70% 12.90% 12.60% 9.80% 4.20% 9.90% 3.75% 11.86% 3.55% 6.75%

Net Income 20,827 29,457 21,390 (12,168) 57,590 (30,609) (31,692) (19,883) (53,144) (133,328) 7,340 16,009 (69,536) (46,187)

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Appendix

FILA USA Consolidated Profit & Loss Summary

Global Royalty Summary

(USD K)

(USD K)

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 3Q 2016 YTD 2016

Revenue 77,995 63,942 70,855 66,439 279,231 94,957 71,310 75,984 78,739 320,990 71,436 90,427 75,237 237,100

Gross Profit 26,336 18,379 20,916 16,851 82,482 29,892 20,054 22,618 21,842 94,406 22,529 28,951 22,892 74,372

G.P.(%) 33.80% 28.70% 29.50% 25.40% 29.50% 31.50% 28.10% 29.80% 27.70% 29.40% 31.54% 32.02% 30.43% 31.37%

Operating Profit 8,537 3,796 4,173 719 17,225 8,833 4,299 4,130 2,682 19,944 4,495 6,804 4,542 15,841

O.P.(%) 10.90% 5.90% 5.90% 1.10% 6.20% 9.30% 6.00% 5.40% 3.40% 6.20% 6.29% 7.52% 6.04% 6.68%

Net Income 4,851 1,991 2,163 (223) 8,782 5,164 2,375 1,945 1,406 10,890 2,409 3,924 2,508 8,841

1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 FY 2015 1Q 2016 2Q 2016 3Q 2016 YTD 2016

FILA Korea 1,862 2,433 1,967 2,371 8,634 1,508 1,898 1,386 1,616 6,408 1,148 1,540 1,342 4,030

FILA Subsidiary 4,871 2,390 2,645 1,161 11,070 5,417 2,638 3,176 1,558 12,927 2,465 5,411 1,971 9,847

Asia 2,315 2,244 2,314 2,513 9,384 2,110 2,133 2,027 3,206 9,478 2,118 2,128 2,057 6,303

North America 2,195 2,821 2,586 2,905 10,506 2,170 2,223 2,749 2,303 9,427 1,279 1,961 2,346 5,586

South America 664 863 855 812 3,194 707 739 587 678 2,710 -224 330 456 562

EMEA 3,642 3,799 3,901 3,406 14,751 3,227 3,363 3,553 3,504 13,645 3,243 3,354 3,977 10,574

Category 353 325 242 306 1,226 344 534 322 282 1,483 466 493 384 1,343

15,902 14,875 14,510 13,474 58,765 15,483 13,528 13,800 13,147 56,078 10,495 15,217 12,533 38,245

Total

(Adjusted) 9,169 10,053 9,898 9,941 39,061 8,558 8,992 9,219 9,973 36,743 6,882 8,266 9,220 24,368

Disclaimer

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This document has been prepared for presentation, illustration and discussion purpose only and is not legally binding. Whilst complied from sources FILA Korea believes to

be accurate, no representation, warranty, assurance or inducement express or implied as to the accuracy, completeness or adequacy of freedom from defect of any kind is

made, and the division, group or subsidiary or affiliate of FILA Korea which produced this document shall not be liable to the recipient or controlling shareholders of the

recipient resulting from its use. Nothing herein contains shall be construed as granting the recipient whether directly or indirectly or by implication, any license or right, under

any copy right or intellectual property rights to use the information herein. FILA Korea accepts no liability for any loss or damage of any kind resulting out of the unauthorized

use of this document. Investment involves risk. Past performance figures are not indicative of future performance. Please carefully read through the documents and seek

independent professional advice before you make any investment decision.